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Indian Bank 555 Days FD Scheme
Indian Bank offers the Ind Grow (555 Days) special retail term deposit scheme with an interest rate of 6.65% p.a. for general citizens, effective August 4, 2026. Under this scheme for a tenure of 555 days, senior citizens receive 7.10% p.a., while super senior citizens earn 7.35% p.a.
Guaranteed Returns
Includes Life Cover
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
7.4%*
(Tax-Free)
Guaranteed Plan
(By Insurance companies)4.6%*
(After Tax)
Fixed Deposit
(Offered by Banks)4.0%*
Savings Account
(Post Office)Get Guaranteed returns upto 7.4%*
Fully Tax-Free, Life Cover Included
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Indian Bank FD Rates
- Indian Bank 555 Days FD Scheme
Key Details of IND 555 Days Scheme
- Tenure: 555 days
- Interest Rates: 6.65% p.a. for the general public, with an extra 0.50% on senior citizens rates
- Investment Amount: From ₹1,000 up to ₹3 crore.
- Payout Choices: Get interest paid monthly, quarterly, or all at once when the plan ends.
- Extra Features: Early withdrawal, adding a nominee, and taking an Indian Bank loan against FD are allowed.
- Guaranteed Returns: This scheme offers attractive interest rates which exceptionally outperform typical Indian bank savings accounts, while assuring government ownership.
- Payout Options: Interest can be paid monthly, quarterly, or accumulated on maturity.
Interest Rate For Indian Bank 555 Days FD Scheme
The table below shows the latest Indian Bank FD rates for the special 555-day FD:
| Category | Rate of Interest (p.a) | |
| Public | 6.60% | |
| Senior Citizen | 7.10% | |
| Super Senior Citizen | 7.35% | |
*Indian Bank 555-Day FD w.e.f. August 04, 2026
Eligibility for the Indian Bank 555 Days FD Scheme
Below are the people who are eligible for the Indian Bank 555 Days FD Scheme (IND GREEN):
- Working Professionals
- Business Owners
- Conservative Investors
- Senior Citizens
- Retirees
Tax Implications on the Indian Bank 555 Days FD Scheme
Interest earned on the Indian Bank 555 Days FD is taxable. The tax you pay depends on your income tax slabs, as the interest is added to your total income for the year. Banks deduct TDS on the interest if it crosses a certain limit: ₹50,000 for the general public and ₹1,00,000 for senior citizens.
To avoid TDS, you can submit Form 121, common for general and senior citizens. The IB Tax Saver FD has a 5-year mandatory lock-in period and an interest rate of 6.00% p.a. for general citizens and 6.50% p.a. for senior citizens.
FAQs
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What is 555 days fixed deposit in Indian Bank?
The Indian Bank 555 Days Special FD (offered under schemes like IND Grow) is a special retail term deposit that provides higher interest rates than standard FDs for a fixed 555-day tenure. Currently, it offers 6.65% p.a. for general citizens, 7.10% p.a. for senior citizens, and 7.35% p.a. for super senior citizens. -
What is the Indian Bank 555 Days FD interest rate?
The Indian Bank 555 Days FD interest rate is 6.60% p.a. for general citizens, 7.10% p.a. for Senior Citizens, and 7.35% p.a. for super senior citizens. -
Who all are eligible for the Indian Bank 555-Day FD?
The general eligibility criteria for opening a fixed deposit account with Indian Bank are:- Resident Individuals
- Hindu Undivided Families (HUFs)
- Other Entities
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What is the minimum deposit amount required for the Indian Bank 555-Day FD Scheme?
The minimum deposit is Rs 1,000 for amounts below ₹3 crore, with a maturity period of 555 days, available in the form of FD/MMD with callable options. -
What are the IND GREEN FD rates for the senior citizens of Indian Bank?
The Indian Bank Senior Citizens FD interest rates are 7.15% for senior citizens and 7.35% for super senior citizens.
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10 Feb 2026
Fixed deposit (FD) interest rates in India currently range from*All savings are provided by the insurer as per the IRDAI approved
insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per
applicable tax slabs post 31st march 2023
#Discount offered by insurance company
##The Guaranteed Returns are dependent on the policy term and premium term availed along with other variable factors. 7.4% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and a premium term of 10 years with ₹5,00,000 annually installment premium. All plans listed here are from insurance companies’ funds.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in